Finance

Opay vs Moniepoint: Which is the Best POS Device for Your Business?

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Do you want to buy a brand new POS to kick start your offline career but still contemplating wheaten to choose between the OPAY and Moniepoint POS? Worry no more, I am here to walk you through and give you the most extensive review. 

What is Opay POS?

Opay POS is a digital payment device that allows merchants to accept payments from customers using various channels such as debit cards, credit cards, bank transfers, and QR codes. 

Opay POS is owned and operated by Opera Software Nigeria Limited, a subsidiary of Opera Limited. It is a mobile-based POS device that can be used anywhere and anytime, which makes it an ideal option for big and small firms.

What is Moniepoint POS

Moniepoint POS is also a digital payment platform that allows Agents/merchants to accept payments from customers. 

Moniepoint POS is owned and operated by Digital Settlements Limited, a subsidiary of Access Bank. Before we go into the comparison, let’s quickly take a look at the features of the two apps. 

Features of Opay POS

Opay POS has different features that make it a popular choice for business organizations. Some of these features include:

  • User-friendly interface: Opay POS has a user-friendly interface that makes it easy for merchants to accept payments from customers.
  • Multiple payment channels: Opay POS allows merchants to accept payments from customers such as debit cards, credit cards, bank transfers, and codes.
  • No transaction fees: Opay POS has zero transaction fees. This means that they do not charge for any transaction you made.
  • Fast settlement: Opay POS offers fast settlement times, allowing merchants to receive their payments quickly.
  • Mobile-based: Opay POS is a mobile-based device that can be used anywhere and anytime.
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Features of Moniepoint POS

Moniepoint POS also has several features that everyone likes, some of these features include:

  • Multiple Features: Monie Points has all the features that are equipped in Opay App. However, the only feature that can’t be found is the “Transaction fee”. There is usually a fee on every transaction made on this App which makes Opay better. 
  • Portable: Another distinctive characteristic of Moniepoint POS is its portability. 

Opay vs Moniepoint Comparison: Which is Better?

When it comes to choosing between Opay and Moniepoint POS devices, several factors need to be considered. Let’s take a look at this table

Features Opay Moniepoint
Payment options Mobile wallet, QR code payments, bank transfers, bills Mobile wallet, QR code payments, bills
Transaction fees No fees for transferring money between Opay accounts No fees for transferring money between Moniepoint accounts
Security 2-factor authentication, fingerprint login 2-factor authentication, fingerprint login
Number of downloads Over 10 million on Google Play Store Over 1 million on Google Play Store
Ratings 4.5/5 stars on Google Play Store 4.2/5 stars on Google Play Store
Cashback rewards Yes, for transactions made on the app No
Customer support 24/7 live chat and email support Phone, email, and social media support
Partner merchants Over 60,000 Over 100,000
Bank partnerships Access Bank, GTBank, Zenith Bank, and more First Bank, UBA, Ecobank, and more
International remittances Yes, with low fees and competitive exchange rates No
Mobile data and airtime Yes, for all major networks Yes, for all major networks
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As seen, based on the comparison table, it’s evident that Opay offers more features than Moniepoint, including international remittances, mobile data and airtime purchases, and cashback rewards. 

While Moniepoint also offers some useful features, such as QR code payments and bill payments, it falls short in comparison to Opay in terms of overall services and user ratings.

Therefore, in my opinion, Opay is the better option between the two platforms. 

How to get OPAY and Monie point POS

Thanks for reading to this extreme. Now, Opay POS is available for purchase on the Opay website or mobile app. Simply visit the website or download the app, create an account, and follow the prompts to purchase the device. 

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The cost of the device ranges from N35,000 to N45,000, for more information, kindly read this article 

Moniepoint POS, on the other hand, is available for purchase through their website or authorized agents. To purchase the device, visit the Moniepoint website, create an account, and follow the prompts to purchase the device. The POS machine costs N45,000 to N50,000. So if you like to get it, you can read this guide.

FAQ

Which POS machine is best in Nigeria?

According to the market trends, Opay POS Machine is considered the best due to its availability and features.

How do I choose the best POS system for my business?

Well, if you want to choose the best POS, kindly compare the price, features, and the company’s reputation, with this, you will be able to make an Informed decision.

Conclusion

Conclusively, both Opay and Moniepoint POS devices have similar features and benefits. If you prefer a mobile-based device, Opay POS is the better option. However, if you prefer a portable device, Moniepoint POS is the better option. Thanks for reading to the end. 

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